OECD Call For A Second Referendum On EU Membership

That this House notes that the Organisation for Economic Co-operation and Development (OECD) has stated that a second referendum on the UK’s membership of the EU would have a significant positive impact on UK economic growth; expresses concern that the OECD made an assessment that a No Deal Brexit would cause the pound to hit unprecedented lows and cause the UK’s credit rating to be cut; is concerned that the UK’s productivity growth is significantly behind that of other states in the EU; is alarmed that the Government has left open the option of the UK leaving the EU without a deal; calls on the Government to protect the UK economy by ensuring that the UK stays in the single market and as a member of the customs union; and, in light of the negative economic forecast for the UK if it leaves the EU, calls on the Government to offer the people a vote on whether the UK should accept the terms for the UK exiting the EU or stay in the EU.